Dow Jones Indexes has launched the Dow Jones Cyprus Titans 10 Index, a blue-chip index representing the 10 largest and most liquid stocks traded on the Cyprus Stock Exchange.
Dow Jones Indexes has launched the Dow Jones Cyprus Titans 10 Index, a blue-chip index representing the 10 largest and most liquid stocks traded on the Cyprus Stock Exchange. The index has been licensed to ABN Amro as the basis for an open-ended index certificate.
The Dow Jones Cyprus Titans 10 is designed to serve as the underlying basis for investment products including structured products, mutual funds, exchange-traded funds and other products that enable investors to participate in the performance of the Cyprus stock market. Cyprus, which will adopt the euro in January 2008, has already been identified as a thriving and dynamic market among emerging European markets.
The Cyprus Titans 10 index complements the existing Dow Jones Country Titans index series, which now comprises 20 indices. This expansion reflects the growing interest in emerging financial markets and investors’ growing need for diversification.
The Cyprus Titans 10 Index is reviewed annually in March and follows Dow Jones Country Titans methodology. Stocks are selected according to their float-adjusted market capitalisation and average trading volume. Daily historical index values are available back to December 2006.
Dow Jones Indexes develops, maintains and licenses indices for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, it is also co-owner of the Dow Jones Stoxx indices, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which covers more than 12,000 securities in 59 markets. Dow Jones Indexes also maintains a number of alternative indices, including measures of the hedge fund and commodity markets.
